Auction: 3316 Highway 3, Satartia, MS 39162
- Date and Time: Starts Monday, January 20, 2025, at 9:00 AM (CT), ends Wednesday, January 22, 2025, at 12:35 PM (CT)
- Platform: Hosted by Williams & Williams, HUD Second Chance Auction
If you’re searching for an affordable home with room to grow, the property at 3316 Highway 3, Satartia, MS 39162, might be the perfect fit. This four-bedroom home offers over 2,500 square feet of living space and sits on a sprawling 4.47-acre lot in Yazoo County, Mississippi. Available through a HUD Second Chance auction, this property is a unique opportunity for anyone looking for a spacious home in the countryside.
Property Details
Key Features
- Bedrooms: 4
- Bathrooms: 2.5
- Living Space: 2,557 sq ft
- Lot Size: 4.47 acres
- Year Built: 1974
This single-family home offers a generous layout with plenty of space for family living or entertaining guests. Built in 1974, the property includes four bedrooms, two-and-a-half bathrooms, and a large lot, providing privacy and outdoor space for activities, gardening, or expansion.
Auction Information
- Opening Bid: $95,000
- Auction Start: Monday, January 20, 2025, at 9:00 AM (CT)
- Auction End: Wednesday, January 22, 2025, at 12:35 PM (CT)
- Transaction Type: Cash only
Pre-auction offers are welcome, but buyers must provide a signed contract and down payment to be considered.
Special Notes for Buyers
Property Sold As-Is
The property is sold in its current condition. Buyers should be prepared for possible repairs and upgrades.
Utility and Septic Information
- Utilities: The property is currently winterized, and utilities are not turned on. Buyers will need to account for this during inspections and after purchase.
- Septic System: The home has an on-site wastewater system, which may require local inspections or upgrades at the buyer’s expense.
Flood and Well Water Disclosures
- The property may be located in a flood hazard area.
- The condition of the well water is unknown. Buyers should conduct their own testing to ensure potability.
Inspection and Proof of Funds
Public Inspection
The property is available for public inspections. Interested buyers must be accompanied by a Realtor. Realtors can call 800-801-8003 to schedule access.
Proof of Funds Required
All bidders must provide proof of funds or a pre-qualification letter within 24 hours of winning the auction. For cash buyers, a bank statement or financial document showing sufficient funds will be required (account numbers should be redacted).
Costs and Closing Requirements
Closing Fees
Buyers will cover all escrow and closing fees, which typically range from $750 to $3,000. It is the buyer’s responsibility to contact a local title agency or real estate attorney for a specific estimate before placing a bid.
Closing Timeline
The sale must close within 30 days of the seller’s acceptance of the offer. The buyer is also responsible for obtaining possession of the property after closing.
Why This Home is a Great Opportunity
This property is part of a HUD Second Chance Home Auction, meaning it is being sold at a discounted price after not selling at a previous foreclosure auction. The home offers a spacious layout, a large lot, and plenty of potential for those willing to make updates or improvements.
With four bedrooms, 2,557 square feet of living space, and nearly 4.5 acres of land, this home is a perfect option for families, investors, or anyone looking for a home in a quiet, rural setting. The opening bid of $95,000 makes this property an affordable way to own a home in Yazoo County.
You Must Visit: Schott Auction Gallery